Intrinsic value of inTEST - INTT

Previous Close

$7.60

  Intrinsic Value

$645.10

stock screener

  Rating & Target

str. buy

+999%

  Value-price divergence*

+453%

Previous close

$7.60

 
Intrinsic value

$645.10

 
Up/down potential

+999%

 
Rating

str. buy

 
Value-price divergence*

+453%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of INTT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.56
  55.60
  50.54
  45.99
  41.89
  38.20
  34.88
  31.89
  29.20
  26.78
  24.60
  22.64
  20.88
  19.29
  17.86
  16.58
  15.42
  14.38
  13.44
  12.59
  11.84
  11.15
  10.54
  9.98
  9.48
  9.04
  8.63
  8.27
  7.94
  7.65
  7.38
Revenue, $m
  40
  62
  94
  137
  194
  268
  362
  477
  616
  782
  974
  1,194
  1,444
  1,722
  2,030
  2,366
  2,731
  3,124
  3,544
  3,990
  4,462
  4,960
  5,482
  6,030
  6,602
  7,198
  7,819
  8,466
  9,138
  9,837
  10,564
Variable operating expenses, $m
 
  11
  16
  23
  33
  46
  62
  81
  105
  133
  166
  203
  245
  293
  345
  402
  464
  531
  602
  678
  759
  843
  932
  1,025
  1,122
  1,224
  1,329
  1,439
  1,554
  1,672
  1,796
Fixed operating expenses, $m
 
  31
  32
  32
  33
  34
  35
  36
  37
  37
  38
  39
  40
  41
  42
  43
  45
  46
  47
  48
  49
  50
  52
  53
  54
  56
  57
  58
  60
  61
  63
Total operating expenses, $m
  36
  42
  48
  55
  66
  80
  97
  117
  142
  170
  204
  242
  285
  334
  387
  445
  509
  577
  649
  726
  808
  893
  984
  1,078
  1,176
  1,280
  1,386
  1,497
  1,614
  1,733
  1,859
Operating income, $m
  4
  21
  46
  81
  128
  188
  265
  360
  475
  611
  770
  952
  1,158
  1,388
  1,642
  1,921
  2,222
  2,547
  2,894
  3,264
  3,654
  4,066
  4,499
  4,952
  5,425
  5,919
  6,433
  6,968
  7,525
  8,104
  8,705
EBITDA, $m
  5
  21
  47
  82
  129
  190
  267
  363
  478
  615
  775
  958
  1,165
  1,397
  1,653
  1,932
  2,236
  2,563
  2,912
  3,284
  3,677
  4,091
  4,526
  4,982
  5,458
  5,955
  6,472
  7,011
  7,571
  8,153
  8,758
Interest expense (income), $m
  0
  0
  0
  0
  0
  1
  1
  1
  2
  3
  3
  4
  5
  6
  7
  9
  10
  12
  13
  15
  17
  19
  22
  24
  26
  29
  31
  34
  37
  40
  43
Earnings before tax, $m
  4
  21
  46
  81
  127
  188
  264
  359
  473
  609
  766
  948
  1,153
  1,382
  1,635
  1,912
  2,212
  2,535
  2,881
  3,248
  3,637
  4,047
  4,477
  4,928
  5,399
  5,890
  6,402
  6,934
  7,488
  8,064
  8,662
Tax expense, $m
  1
  6
  12
  22
  34
  51
  71
  97
  128
  164
  207
  256
  311
  373
  441
  516
  597
  685
  778
  877
  982
  1,093
  1,209
  1,331
  1,458
  1,590
  1,728
  1,872
  2,022
  2,177
  2,339
Net income, $m
  3
  15
  34
  59
  93
  137
  193
  262
  345
  444
  560
  692
  842
  1,009
  1,194
  1,396
  1,615
  1,851
  2,103
  2,371
  2,655
  2,954
  3,268
  3,597
  3,941
  4,300
  4,673
  5,062
  5,466
  5,887
  6,323

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  29
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  43
  22
  33
  48
  68
  94
  127
  167
  216
  274
  341
  418
  505
  603
  710
  828
  956
  1,093
  1,240
  1,397
  1,562
  1,736
  1,919
  2,110
  2,311
  2,519
  2,737
  2,963
  3,199
  3,443
  3,697
Adjusted assets (=assets-cash), $m
  14
  22
  33
  48
  68
  94
  127
  167
  216
  274
  341
  418
  505
  603
  710
  828
  956
  1,093
  1,240
  1,397
  1,562
  1,736
  1,919
  2,110
  2,311
  2,519
  2,737
  2,963
  3,199
  3,443
  3,697
Revenue / Adjusted assets
  2.857
  2.818
  2.848
  2.854
  2.853
  2.851
  2.850
  2.856
  2.852
  2.854
  2.856
  2.856
  2.859
  2.856
  2.859
  2.857
  2.857
  2.858
  2.858
  2.856
  2.857
  2.857
  2.857
  2.858
  2.857
  2.857
  2.857
  2.857
  2.857
  2.857
  2.857
Average production assets, $m
  2
  3
  5
  7
  10
  13
  18
  24
  31
  39
  49
  60
  72
  86
  101
  118
  137
  156
  177
  199
  223
  248
  274
  301
  330
  360
  391
  423
  457
  492
  528
Working capital, $m
  33
  6
  9
  14
  19
  27
  36
  48
  62
  78
  97
  119
  144
  172
  203
  237
  273
  312
  354
  399
  446
  496
  548
  603
  660
  720
  782
  847
  914
  984
  1,056
Total debt, $m
  0
  3
  7
  12
  19
  29
  40
  55
  72
  93
  117
  144
  175
  210
  249
  291
  336
  385
  438
  494
  553
  615
  680
  748
  820
  894
  972
  1,053
  1,137
  1,224
  1,315
Total liabilities, $m
  5
  8
  12
  17
  24
  34
  45
  60
  77
  98
  122
  149
  180
  215
  254
  296
  341
  390
  443
  499
  558
  620
  685
  753
  825
  899
  977
  1,058
  1,142
  1,229
  1,320
Total equity, $m
  38
  14
  21
  31
  44
  60
  81
  107
  139
  176
  219
  269
  325
  388
  457
  533
  615
  703
  798
  898
  1,004
  1,116
  1,234
  1,357
  1,486
  1,620
  1,760
  1,905
  2,057
  2,214
  2,377
Total liabilities and equity, $m
  43
  22
  33
  48
  68
  94
  126
  167
  216
  274
  341
  418
  505
  603
  711
  829
  956
  1,093
  1,241
  1,397
  1,562
  1,736
  1,919
  2,110
  2,311
  2,519
  2,737
  2,963
  3,199
  3,443
  3,697
Debt-to-equity ratio
  0.000
  0.200
  0.320
  0.390
  0.440
  0.470
  0.490
  0.510
  0.520
  0.530
  0.530
  0.540
  0.540
  0.540
  0.540
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
Adjusted equity ratio
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  3
  15
  34
  59
  93
  137
  193
  262
  345
  444
  560
  692
  842
  1,009
  1,194
  1,396
  1,615
  1,851
  2,103
  2,371
  2,655
  2,954
  3,268
  3,597
  3,941
  4,300
  4,673
  5,062
  5,466
  5,887
  6,323
Depreciation, amort., depletion, $m
  1
  1
  1
  1
  1
  2
  2
  3
  3
  4
  5
  6
  7
  9
  10
  12
  14
  16
  18
  20
  22
  25
  27
  30
  33
  36
  39
  42
  46
  49
  53
Funds from operations, $m
  4
  16
  34
  60
  94
  139
  195
  264
  349
  448
  565
  698
  849
  1,017
  1,204
  1,408
  1,629
  1,866
  2,121
  2,391
  2,677
  2,979
  3,296
  3,627
  3,974
  4,336
  4,712
  5,104
  5,512
  5,936
  6,376
Change in working capital, $m
  0
  2
  3
  4
  6
  7
  9
  12
  14
  17
  19
  22
  25
  28
  31
  34
  36
  39
  42
  45
  47
  50
  52
  55
  57
  60
  62
  65
  67
  70
  73
Cash from operations, $m
  4
  13
  31
  56
  88
  131
  186
  253
  335
  432
  545
  676
  824
  990
  1,173
  1,374
  1,592
  1,827
  2,079
  2,347
  2,630
  2,929
  3,243
  3,573
  3,917
  4,276
  4,650
  5,040
  5,445
  5,866
  6,304
Maintenance CAPEX, $m
  0
  0
  0
  0
  -1
  -1
  -1
  -2
  -2
  -3
  -4
  -5
  -6
  -7
  -9
  -10
  -12
  -14
  -16
  -18
  -20
  -22
  -25
  -27
  -30
  -33
  -36
  -39
  -42
  -46
  -49
New CAPEX, $m
  0
  -1
  -2
  -2
  -3
  -4
  -5
  -6
  -7
  -8
  -10
  -11
  -12
  -14
  -15
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -32
  -34
  -35
  -36
Cash from investing activities, $m
  0
  -1
  -2
  -2
  -4
  -5
  -6
  -8
  -9
  -11
  -14
  -16
  -18
  -21
  -24
  -27
  -30
  -34
  -37
  -40
  -44
  -47
  -51
  -54
  -59
  -63
  -67
  -71
  -76
  -81
  -85
Free cash flow, $m
  4
  12
  29
  53
  85
  127
  180
  245
  325
  420
  532
  660
  805
  968
  1,149
  1,347
  1,562
  1,794
  2,042
  2,307
  2,587
  2,882
  3,193
  3,518
  3,858
  4,213
  4,583
  4,968
  5,369
  5,785
  6,218
Issuance/(repayment) of debt, $m
  0
  3
  4
  5
  7
  9
  12
  14
  17
  21
  24
  28
  31
  35
  38
  42
  46
  49
  52
  56
  59
  62
  65
  68
  71
  75
  78
  81
  84
  87
  91
Issuance/(repurchase) of shares, $m
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1
  3
  4
  5
  7
  9
  12
  14
  17
  21
  24
  28
  31
  35
  38
  42
  46
  49
  52
  56
  59
  62
  65
  68
  71
  75
  78
  81
  84
  87
  91
Total cash flow (excl. dividends), $m
  3
  15
  33
  58
  92
  136
  191
  260
  343
  441
  556
  688
  837
  1,003
  1,187
  1,389
  1,608
  1,843
  2,095
  2,362
  2,646
  2,944
  3,258
  3,586
  3,930
  4,288
  4,661
  5,049
  5,453
  5,873
  6,309
Retained Cash Flow (-), $m
  -2
  -5
  -7
  -10
  -13
  -17
  -21
  -26
  -31
  -37
  -43
  -50
  -56
  -63
  -69
  -76
  -82
  -88
  -94
  -100
  -106
  -112
  -118
  -123
  -129
  -134
  -140
  -146
  -151
  -157
  -163
Prev. year cash balance distribution, $m
 
  29
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  39
  26
  49
  79
  119
  170
  234
  311
  404
  513
  638
  780
  941
  1,118
  1,313
  1,525
  1,755
  2,000
  2,262
  2,539
  2,832
  3,140
  3,463
  3,801
  4,154
  4,521
  4,904
  5,302
  5,715
  6,145
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  37
  24
  42
  65
  92
  124
  158
  195
  232
  269
  303
  333
  358
  375
  386
  388
  382
  368
  348
  323
  293
  261
  227
  194
  162
  132
  105
  82
  62
  46
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

inTEST Corporation designs, manufactures, and markets thermal, mechanical, and electrical products for use in the testing of integrated circuits (ICs) worldwide. The company operates in three segments: Thermal Products, Mechanical Products, and Electrical Products. The Thermal Products segment offers ThermoStream temperature management tools, MobileTemp thermal test systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, and Thermonics temperature conditioning products. Its products are used to test semiconductor wafers and ICs, electronic components and assemblies, mechanical assemblies, and electromechanical assemblies. The Mechanical Products segment offers in2, Aero Series, and Cobal Series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor. This segment also provides docking hardware products that protect the delicate interface contacts and ensure repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. Its products are used during the testing of wafers and specialized packaged ICs by semiconductor manufacturers. The Electrical Products segment provides tester interfaces that provide electrical connections between the tester and the wafer prober or IC handler to carry the electrical signals between the tester and the probe card on the prober or the test socket on the handler. Its products are used in the front-end and back-end testing of ICs. The company markets its products directly, as well as through ATE manufacturers, independent sales representatives and distributors to semiconductor manufacturers, semiconductor test subcontractors, third-party foundries, test and assembly houses, and original equipment manufacturers. inTEST Corporation was founded in 1981 and is headquartered in Mount Laurel, New Jersey.

FINANCIAL RATIOS  of  inTEST (INTT)

Valuation Ratios
P/E Ratio 26.2
Price to Sales 2
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 19.7
Price to Free Cash Flow 19.7
Growth Rates
Sales Growth Rate 2.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -100%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 7.2%
Ret/ On Assets - 3 Yr. Avg. 6.8%
Return On Total Capital 8.1%
Ret/ On T. Cap. - 3 Yr. Avg. 7.7%
Return On Equity 8.1%
Return On Equity - 3 Yr. Avg. 7.7%
Asset Turnover 1
Profitability Ratios
Gross Margin 50%
Gross Margin - 3 Yr. Avg. 48.8%
EBITDA Margin 12.5%
EBITDA Margin - 3 Yr. Avg. 12.3%
Operating Margin 10%
Oper. Margin - 3 Yr. Avg. 9.9%
Pre-Tax Margin 10%
Pre-Tax Margin - 3 Yr. Avg. 9.9%
Net Profit Margin 7.5%
Net Profit Margin - 3 Yr. Avg. 6.6%
Effective Tax Rate 25%
Eff/ Tax Rate - 3 Yr. Avg. 32.8%
Payout Ratio 0%

INTT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the INTT stock intrinsic value calculation we used $40 million for the last fiscal year's total revenue generated by inTEST. The default revenue input number comes from 2016 income statement of inTEST. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our INTT stock valuation model: a) initial revenue growth rate of 55.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for INTT is calculated based on our internal credit rating of inTEST, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of inTEST.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of INTT stock the variable cost ratio is equal to 17.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $30 million in the base year in the intrinsic value calculation for INTT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for inTEST.

Corporate tax rate of 27% is the nominal tax rate for inTEST. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the INTT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for INTT are equal to 5%.

Life of production assets of 10 years is the average useful life of capital assets used in inTEST operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for INTT is equal to 10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $38 million for inTEST - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 10.022 million for inTEST is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of inTEST at the current share price and the inputted number of shares is $0.1 billion.

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COMPANY NEWS

▶ ETFs with exposure to inTEST Corp. : July 4, 2017   [Jul-04-17 03:03PM  Capital Cube]
▶ ETFs with exposure to inTEST Corp. : May 18, 2017   [May-18-17 01:48PM  Capital Cube]
▶ inTEST Reports 2017 First Quarter Financial Results   [May-04-17 04:05PM  Marketwired]
▶ ETFs with exposure to inTEST Corp. : April 25, 2017   [Apr-25-17 03:37PM  Capital Cube]
▶ ETFs with exposure to inTEST Corp. : April 7, 2017   [Apr-07-17 04:53PM  Capital Cube]
▶ inTEST Corp.: Strong price momentum but will it sustain?   [Mar-13-17 05:22PM  Capital Cube]
▶ Chip Gear Stocks Rocking As Investors Come Knocking   [Mar-10-17 04:45PM  Investor's Business Daily]
▶ inTEST Reports 2016 Third Quarter Financial Results   [Nov-03-16 06:30AM  Marketwired]
▶ inTEST Reports 2016 Second Quarter Financial Results   [Aug-04-16 04:05PM  Marketwired]
▶ inTEST Reports 2016 First Quarter Financial Results   [May-04-16 04:05PM  Marketwired]
▶ Buy Penny Stocks Using the Wisdom of Peter Lynch   [Nov-19  03:53PM  at Investopedia]
▶ inTEST Reports Third Quarter 2015 Financial Results   [Nov-03  04:15PM  Marketwired]
▶ inTEST Announces Stock Repurchase Program   [04:05PM  Marketwired]
▶ 10-Q for inTEST Corp.   [Aug-17  08:13PM  at Company Spotlight]
▶ inTEST Reports Second Quarter 2015 Financial Results   [Aug-05  04:05PM  Marketwired]
▶ 10-Q for inTEST Corp.   [May-16  08:09PM  at Company Spotlight]
▶ 10-K for inTEST Corp.   [Apr-30  08:13PM  at Company Spotlight]
▶ inTEST Reports First Quarter 2015 Financial Results   [Apr-29  04:57PM  at noodls]
▶ INTEST CORP Files SEC form 8-K, Other Events   [Nov-19  10:16AM  EDGAR Online]
▶ 10-Q for inTEST Corp.   [Nov-15  07:07PM  Company Spotlight]
▶ INTEST CORP Files SEC form 10-Q, Quarterly Report   [Nov-13  01:47PM  EDGAR Online]
▶ Intest (INTT) Downgraded From Buy to Hold   [Nov-04  09:23AM  at TheStreet]
Stock chart of INTT Financial statements of INTT Annual reports of INTT
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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